How Figment and OpenTrade Created a 15% Stablecoin Yield Product Without DeFi Risk

This story was originally published on HackerNoon at: https://hackernoon.com/how-figment-and-opentrade-created-a-15percent-stablecoin-yield-product-without-defi-risk . Figment and OpenTrade launch 15% APR stablecoin yield through hedged Solana staking, targeting institutions seeking returns without DeFi risk. Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #web3 , #blockchain , #dlt , #cryptocurrency , #crypto.com , #figment , #opentrade , #good-company , and more. This story was written by: @ishanpandey . Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com . Figment and OpenTrade launched a stablecoin yield product targeting 15% APR through Solana staking combined with perpetual futures hedging. Institutional clients deposit stablecoins, which are converted to SOL, staked via Figment, and hedged through short positions on Crypto.com. The structure aims to provide higher yields than Treasury-backed alternatives while avoiding DeFi protocol risks. Returns depend on funding rates and Solana network performance, with multiple counterparty dependencies including Figment, OpenTrade, and Crypto.com. The product represents infrastructure providers expanding into structured financial products and may validate similar offerings across other proof-of-stake networks.